- Eric Trump backs $8,000 and above ETH ATH price targets.
- This prediction grows stronger as Global M2 Money hits $95.6 trillion.
- At the same time, Bitcoin Dominance sinks to below 60%.
One of the best and most promising ways to predict the price path for the pioneer cryptocurrency Bitcoin (BTC) is by watching the global M2 money supply. The price of BTC often tends to follow this indicator and has never proven wrong yet. Eric Trump backs $8,000 and above targets for the next ETH ATH price prediction as Global M2 Money supply hits $95.6 trillion and Bitcoin Dominance sinks.
Eric Trump Backs $8,000 and Above ETH ATH Prices
Predicting the prices of crypto assets is one of the most common and exciting aspects of the crypto market and crypto community. The crypto market is filled with highly promising assets that could surge in prices in a highly volatile manner unmatched by any other financial sector. This means just holding the right asset at the most opportune moment could make or break one’s chance to attain generational wealth and financial freedom.
Price predictions in crypto can occur in many ways. The most common being watching previous bull cycles’ price patterns and comparing them to the ongoing bull cycle’s price patterns. Other indicators include finding bullish signs and signals on price charts. Meanwhile, external yet correlated financial sector indicators are also another possible way to predict price patterns for specific crypto assets.
In detail, watching the Global M2 Money Supply is one of the most popular external yet correlated financial indicators that can help determine where the price of Bitcoin (BTC) can go next. This is because the price of BTC has been known to follow the same pump patterns of the Global M2 Money Supply. So far, the price of BTC has always followed the Global M2 Money Supply’s pattern with just a couple of weeks to 20 days delay.
Global M2 Money Supply Hits $95.6 Trillion Record
Presently, new indicators suggest that the price of Bitcoin is likely to experience another epic pump in the coming days ahead. At the moment, analysts are waiting for BTC to reclaim its previous ATH price of $123,000 before going ahead and hitting much higher ATH prices between $130,000 and $144,000. As we can see from the post above, the Global M2 Money Supply has just hit a record of $95.6 trillion.
Despite the bullish forecast for BTC, the asset getting the most attention now is the pioneer altcoin ETH. As the post highlights, Eric Trump backs $8,000 and above ATH price for ETH in the coming days ahead. These expectations are something that most analysts agree with, and many expect cycle top prices for ETH to vary between $8,000 and $20,000 this bull cycle, targets not too far-fetched if institutional accumulation continues to grow.
